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MT CLEMENS SHOPPING CENTER 209 Northbound Gratiot Ave 5,529 SF 100% Leased Retail Building Mount Clemens, MI 48043 $550,000 ($99.48/SF) 8.80% Cap Rate
Executive Summary
Fantastic opportunity to acquire a strong investment property in one of the highest-traffic corridors in the state. Metro by T-Mobile is a national tenant with more than 15 years of continuous operation at this location, demonstrating long-term stability. EZ Go Golf Carts also has a well-established presence and remains a reliable tenant.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
5,529 SF
Year Built
1987
Price
$550,000
Price Per SF
$99.48
Cap Rate
8.80%
NOI
$48,400
Percent Leased
100%
Building Height
1 Story
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 05-11-11-477-021 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $266,100 |
Property Taxes
Parcel Number
05-11-11-477-021
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$266,100
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MT CLEMENS SHOPPING CENTER | 209 Northbound Gratiot Ave
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